What is ID Coin? Understanding Web3 Identity Platform SPACE ID (ID Coin)

December 5, 2022

SPACE ID is building a universal naming service network that provides a one-stop identity platform for discovering, registering, trading, and managing Web3 domains.It also includes a Web3 Naming SDK and API for cross-chain developers, providing a multi-chain naming service for everyone to easily establish and create their own Web3 identities.

Token Functionality

ID is the native token of the SPACE ID ecosystem and is used for the following functionalities:

Pledging ID tokens can receive discounts on transaction fees for SPACE ID domain NFT market trading and discounts on Web3 domain registration on SPACE ID.
Payment: As a means of payment within the SPACE ID ecosystem and used for integration with the Web3 Name SDK.
Governance: Users can participate in proposals for SPACE ID DAO.

Project highlights:

SPACE ID is building an infrastructure that involves collaborative work in the following main parts:

A one-stop Web3 domain and identity platform: established various incentive mechanisms, easy-to-use wallets, and decentralized identities for users.
Multi-chain naming service: SPACE ID’s multi-chain domain name service includes, but is not limited to, top-level domains that have already been launched or will be launched by the SPACE ID team, as well as other domain name providers that have this pioneering multi-chain naming service feature and have joined SPACE ID.
“One SDK for all” has always been one of the key features of SPACE ID, supporting all Web3 dApps.It is designed as a unified and streamlined approach, greatly simplifying the integration of Web3 name services, saving developers from using multiple protocols, saving time, and reducing the risk of compatibility issues.

Token Sale Information